Kanawha Capital Management LLC Buys New Position in BWX Technologies, Inc. $BWXT

Key Points

• Kanawha Capital Management LLC has acquired a new stake in BWX Technologies, purchasing 1,613 shares valued at approximately $232,000 during the second quarter.
• BWX Technologies recently reported quarterly earnings of $1.02 per share, exceeding the consensus estimate of $0.79, with a year-over-year revenue increase of 12.1%.
• The company's stock has attracted significant interest from hedge funds, with institutional investors currently owning 94.39% of BWX Technologies shares.

Kanawha Capital Management LLC bought a new stake in shares of BWX Technologies, Inc. (NYSE:BWXT - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 1,613 shares of the technology company's stock, valued at approximately $232,000.

Other hedge funds have also modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in shares of BWX Technologies during the 1st quarter valued at about $31,000. Compass Financial Services Inc acquired a new stake in BWX Technologies during the 1st quarter valued at approximately $33,000. HHM Wealth Advisors LLC grew its stake in BWX Technologies by 34.5% during the 1st quarter. HHM Wealth Advisors LLC now owns 390 shares of the technology company's stock valued at $38,000 after purchasing an additional 100 shares in the last quarter. Farther Finance Advisors LLC grew its stake in BWX Technologies by 109.6% during the 1st quarter. Farther Finance Advisors LLC now owns 459 shares of the technology company's stock valued at $46,000 after purchasing an additional 240 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in BWX Technologies by 369.7% during the 1st quarter. National Bank of Canada FI now owns 559 shares of the technology company's stock valued at $55,000 after purchasing an additional 440 shares in the last quarter. 94.39% of the stock is currently owned by hedge funds and other institutional investors.

BWX Technologies Price Performance

Shares of BWXT opened at $202.92 on Friday. The firm has a market cap of $18.55 billion, a price-to-earnings ratio of 63.41, a PEG ratio of 4.03 and a beta of 0.78. The stock has a 50 day moving average of $176.80 and a 200-day moving average of $144.15. The company has a current ratio of 1.69, a quick ratio of 1.60 and a debt-to-equity ratio of 1.28. BWX Technologies, Inc. has a 52 week low of $84.21 and a 52 week high of $214.72.

BWX Technologies (NYSE:BWXT - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.23. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $708.00 million. BWX Technologies had a return on equity of 30.61% and a net margin of 10.28%.The business's revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS. BWX Technologies has set its FY 2025 guidance at 3.650-3.750 EPS. As a group, analysts forecast that BWX Technologies, Inc. will post 3.23 EPS for the current year.

BWX Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. BWX Technologies's dividend payout ratio (DPR) is 31.25%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BWXT. Zacks Research upgraded BWX Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Northland Securities began coverage on BWX Technologies in a research note on Wednesday, September 10th. They set an "outperform" rating and a $205.00 price objective for the company. Weiss Ratings lowered BWX Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Maxim Group restated a "hold" rating on shares of BWX Technologies in a research note on Wednesday, August 6th. Finally, Wedbush reiterated an "outperform" rating on shares of BWX Technologies in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $168.08.

Insider Buying and Selling

In related news, SVP Omar Fathi Meguid sold 2,261 shares of the firm's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $179.84, for a total value of $406,618.24. Following the sale, the senior vice president owned 2,361 shares of the company's stock, valued at approximately $424,602.24. This trade represents a 48.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ronald Owen Whitford, Jr. sold 2,092 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total value of $371,183.56. Following the completion of the sale, the senior vice president directly owned 10,149 shares in the company, valued at approximately $1,800,737.07. This trade represents a 17.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,953 shares of company stock worth $5,359,758. Company insiders own 0.47% of the company's stock.

BWX Technologies Company Profile

BWX Technologies, Inc, together with its subsidiaries, manufactures and sells nuclear components in the United States, Canada, and internationally. It operates through two segments, Government Operations and Commercial Operations. The Government Operations segment designs and manufactures naval nuclear components, reactors, and nuclear fuel; fabrication activities; and supplies proprietary and sole-source valves, manifolds, and fittings to naval and commercial shipping customers.

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